So yes… an extra $300 per child for those already getting the benefit already… but for those that were not getting it before, but filed in 2018… and had an eligible child… the formula is recalculated with the $3,600 ($300 per month) change, and so many more households in Canada will be seeing some sort of amount.

For example, the lowest amount possible to collect would be with one school-aged child ($9,202 formula).

Households that make up to $163,069 will receive the full $300 for this child.

Households between $163,069 and $275,569 will receive less than $300 on a sliding scale from the Second reduction.

Households over $275,569 in this scenario would receive zero.

So almost every household with eligible children in Canada will see something coming their way for the May benefit to help with the extra costs with no schools or dayhomes open.

CEO | Director, Canadian Tax Advisory
CGL Strategic Business & Tax AdvisorsWith the Income Tax Act always by his side on his smart-phone, Cory has taken tax-nerd to a whole other level. His background in strategic planning, tax-efficient corporate reorganizations, business management, and financial planning bring a well-rounded approach to assist private corporations and their owners increase their wealth through the strategies that work best for them.An entrepreneur himself, Cory started CGL with the idea that he wanted to help clients adapt to the ever-changing tax and economic environment and increase their wealth through optimizing the use of tax legislation coupled with strategic business planning and financial analysis.His relaxed blue-collar approach in a traditionally white-collar industry can raise a few eyebrows, but in his own words: “People don’t pay me for my looks. My modeling career ended at birth.”More info: https://www.CGLtax.ca/Litzenberger-Cory.html

Alberta’s COVID-19 breakthrough – Highest number of tests and lowest number of new cases in one day

It certainly appears to be a sign that the first wave of COVID-19 is abating. Friday, Alberta’s Chief Medical Officer reported 6,455 people were tested over the last 24 hours and there were only 7 new positive cases. This resulted in a very interesting video update from Dr. Deena Hinshaw as the province announced several changes that will be resulting from the success of Alberta’s battle with COVID-19.

Albertans will soon be able to visit loved ones in hospital. The province will continue to move toward protecting Albertans at the highest risk of severe outcomes. That means more freedoms for the majority of Albertans as the province prepares to announce Stage 2 details early next week.

Kenney says details are coming next week, but adds the province is “looking closely” at a recent eviction ban imposed in British Columbia.

Earlier this week, the B.C. government announced it was imposing new rules on landlords who are eligible for federal rent relief but don’t apply for it and try to evict tenants for lack of payment.

Those landlords will not be allowed to evict such tenants through to the end of the month, when the federal rent relief program is set to end.

Kenney says he is hesitant to bring in a blanket ban, given that there may be legitimate reasons to evict a tenant, but says Alberta is taking action and commercial landlords need to “get with the program.”

Kenney also announced a new $200-million program to provide small- and medium-sized businesses with up to $5,000 each to help them reopen following government-imposed lockdowns to battle the pandemic.